Friday, June 6, 2008

The food chain to tie the poor

From NYT's "The Food Chain" series:

"Huge investment funds have already poured hundreds of billions of dollars into booming financial markets for commodities like wheat, corn and soybeans.

And three institutional investors, including the giant BlackRock fund group in New York, are separately planning to invest hundreds of millions of dollars in agriculture, chiefly farmland, from sub-Saharan Africa to the English countryside.

“I just wonder if they need some sheep’s clothing to put on,” Mr. Hainline said." (Thanks Leila)

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